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XRP has once again captured the market’s attention after a sharp decline shook out short-term holders. But some analysts now believe this recent dump may have marked a generational bottom, creating the setup for a major price reversal.
At the same time, an innovative project is completely defying the overall negative trend: PlutoChain ($PLUTO) — a live Bitcoin Layer-2 project that enables smart contracts and DeFi directly on the Bitcoin network already grew by double digit percent in the first 24hrs of launch.
Let’s explore both stories.
What Just Happened: The Latest XRP Dump
Over the past few days, XRP experienced a sharp correction, dropping by over 17% from its local high. While the sell-off was largely attributed to broader market weakness and liquidations, many analysts believe this could be a final flush-out before a new uptrend begins.
This isn’t the first time XRP has gone through heavy volatility — and past dumps of this magnitude have often preceded long-term price rebounds.
Historical Analysis: Bottom Patterns Repeat Themselves
Looking at previous XRP cycles, large corrections like the recent one have frequently marked cycle bottoms:
- In 2017, XRP fell over 30% in a short window — before rallying more than 1,000%
- In 2020, the token dropped 25% just before the bull market began
- Similar patterns were seen in early 2023 before the July rally
In each case, extreme negative sentiment and rapid price declines led to capitulation — followed by a significant rebound.
Technical indicators such as RSI, volume spikes, and on-chain metrics now mirror those prior cycles.
Market Sentiment: Fear May Be Peaking
XRP’s Fear & Greed Index has touched extreme fear levels, typically seen near macro bottoms. Meanwhile, whale wallets have started accumulating again, a signal often seen before recovery.
Social media mentions of XRP hitting a “bottom” are also on the rise, further suggesting a shift in sentiment from panic to cautious optimism.
What to Watch Moving Forward
- Support Zone: $0.47–$0.50 remains key — holding this range could confirm a bottom
- Volume Confirmation: Rising volume on green candles may validate bullish reversal
- Catalysts Ahead: Continued clarity in the SEC case or broader BTC-led recovery
PlutoChain ($PLUTO): A Live Hybrid Layer-2 Worth Watching
While XRP navigates a potential rebound, PlutoChain ($PLUTO) is growing as more users flock intrigued by the project’s growth in the last couple of days. As a live Layer-2 solution for Bitcoin, PlutoChain enables DeFi, NFTs, smart contracts, and AI—all secured by Bitcoin’s network.
PlutoChain Highlights:
- 2-second block times for near-instant settlement
- EVM compatibility, allowing Ethereum dApps on Bitcoin
- Ultra-low fees from just 0.1 Gwei
- 125,000+ testnet transactions
- 2,550+ active wallets
- Triple-audited by SolidProof, QuillAudits, and Assure DeFi
- Live on Uniswap, with growing activity
PlutoChain is not a presale promise—it’s a functional protocol with traction. With BTCFi exploding from $307M to over $6.6B in total value locked, PlutoChain is positioned to be a foundational player in the next phase of DeFi on Bitcoin.
Final Thoughts
While short-term volatility remains high, the historical data paints a compelling picture: XRP may have just formed a generational bottom. If the pattern holds, this could be an opportunity for long-term accumulation ahead of the next major move.
For those looking for real-time utility and steady growth, PlutoChain offers a proven alternative—tested, active, and designed to enhance Bitcoin’s scalability.
This article does not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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